nytimes.com - 1/5/2009
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The breaks for workers and businesses are nods to critics who are worried that the economic recovery program has been too focused on government spending. >
online.wsj.com - 1/5/2009
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online.wsj.com —
[Obama Eyes $310 Billion Tax Cut] Getty Images
President-elect Barack Obama and congressional Democrats are crafting a
plan to offer as much as $310 billion of tax cuts.
(more)
Obama Eyes $300 Billion Tax Cut
taxvox.taxpolicycenter.org - 1/7/2009
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taxvox.taxpolicycenter.org —
The soon-to-be Obama Administration floated quite a trial
balloon over the weekend: $300 billion in tax cuts
for workers and business over the next couple of years. When you get past the eye-popping number, perhaps the most striking element is how ...
(more)
Obama's $300 Billion Tax Cut: Lots of Buck, Not Much Bang
krugman.blogs.nytimes.com - 1/5/2009
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krugman.blogs.nytimes.com —
I don't know yet. But news reports this
morning certainly raise questions. Let's lay out the basics
here. Other things equal, public investment is a much better way to provide economic stimulus than tax cuts, for two reasons. First, if the government ...
(more)
Is Obama relying too much on tax cuts?
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Paul Krugman: Fighting Off Depression
Economist's View —
... Will Congress do what's needed to stop the economy's downward spiral? (Related:
Obama
Plan Includes $300 Billion in Tax Cuts "to win over Congressional skeptics
worried that he was too focused on government spending." Guess who the skeptics
are? "Republicans have begun voicing criticism of what they describe as an
open-checkbook approach to spending. By focusing more attention on the
tax cuts in the plan, Obama aides hope to frame it as a balanced,
pragmatic approach."): ...
Ed Glaeser's words of wisdom
Marginal Revolution —
... Our roads do need repairing,
and it makes sense to invest more in a downturn when unemployment is
high. But even doubling the current federal infrastructure expenditure,
a vast increase, would represent only 8 percent of a $750 billion
package. Here is much more, on the mark throughout. Here is related material by Mark Thoma and Paul Krugman. Here is a related post by Alex.
Addendum: Obama now is calling for $300 billion in tax cuts as part of the stimulus plan.
Related Content
Obama Tax Cuts Likely Soon
washingtonpost.com 12/29/2008 — Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ...
Obama Goes For Tax Cuts
econospeak.blogspot.com 1/6/2009 — Jonathan Weisman and Naftali Bendavid report: President-elect Barack Obama and congressional Democrats are crafting a plan to offer about $300 billion of tax cuts to individuals and businesses, a move aimed at attracting Republican support for an ...
Obama’s Tax Promises
cato-at-liberty.org 11/11/2008 — President-elect Obama has made a slew of tax promises. Some of them are tax increases, some of them are tax cuts, and many of them are actually spending increases. Let’s try to sort them out.
Here I classify tax changes in comparison with the ...
The politics of the recession - Gloom offensive
economist.com 2/14/2009 — FOR a man whose bumper stickers promised “Hope not Fear”, Barack Obama knows how to scare people. “If we don’t act immediately,” he told the citizens of Elkhart, Indiana on February 9th, “our nation will sink into a crisis that, at some point, we may ...
Obama Considering $310 Billion Tax Cut
nakedcapitalism.com 1/5/2009 — The Wall Street Journal has sent a news alert that says that Obama is mulling a stimulus plan that will rely more heavily on tax cuts than initially envisaged as a way to win needed Republican support. The Journal says tax cuts could be as much as ...
Obama Aides Say Tax Cuts May Stay
clubforgrowth.org 11/24/2008 — Two Sunday News Interview programs provided some confirmation that President-elect Barack Obama may not seek immediate repeal of the 2001 and 2003 tax cuts over certain higher dollar thresholds or on dividend and capital gains. The tax cuts are ...
Obama Plans to Keep Estate Tax
online.wsj.com 1/12/2009 — [Obama Plans to Keep Estate Tax] Getty Images Barack Obama plans to move to block the estate tax from disappearing in 2010.
It's Time to Think Big on Tax Cuts
online.wsj.com 10/8/2008 — John McCain needs to show the nation that he has the economic recovery plan to restore long-term economic growth. To do that, he needs to refocus his campaign with a new tax plan. Mr. McCain should come out for an alternative, optional flatter tax ...
No tax cuts?
tvhe.co.nz 8/2/2009 — So Bill English has said there is now no room for tax cuts , specificially:
New Zealand had to get out of the tax-cut “mode” it had been in for the past five years, he said, because of the new economic conditions, which see budget deficit forecasts of up $12 billion for the next ...
Obama Pitches Stimulus Plan
washingtonpost.com 1/6/2009 — GOP Asked to Help Design Bill; $300 Billion in Tax Cuts Sought Washington Post Staff Writers Tuesday, January 6, 2009; Page A01
Obama Readies Massive Tax Cuts —
The Big Money 1/5/2009
The Wall Street Journal and New York Times lead off their business coverage today with word that President-elect Barack Obama's economic recovery plan will include a larger-than-expected tax cut of roughly $300 million for companies and ...
The GOOG-Obama Lovefest —
The Big Money 1/5/2009
Google may have a big headache in China right now, but it's only too happy to see Barack Obama set up shop over here. According to the San Francisco Chronicle , CEO Eric Schmidt, co-founder Larry Page, YouTube co-founder Chad Hurley, and three ...
Understimulated —
The Big Money 1/7/2009
Washington officials can't say for sure how many people are coming to town for Barack Obama's inauguration. Estimates have ranged from 2 million to 4 million .
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